RIA auction Question

[Dave Sanders]

How can a person see what the guns sold for? This was my 1st time participating and was curious how far off I was on my bids.
Dave

[alvin]

The internet proxy service:

Day 2:
https://www.proxibid.com/asp/Catalog.asp?aid=99126

Day 1:
https://www.proxibid.com/asp/Catalog.asp?aid=99125

The price listed is hammer price. Adding 15% will be the total price.

Tomorrow, Day 3, the link is this one:

https://www.proxibid.com/asp/Catalog.asp?aid=99128

They even have real-time video. Auction is running by three men and one lady.

[sheepherder]

Alvin's link is best; RIA will eventually post the prices to the online catalog, but it's at least a week/10 days until they do...

Originally Posted by alvin

Auction is running by three men and one lady.

What did you look at today, Alvin??? Did they let you handle anything???

[Dave Sanders]

Thank you.
Dave

[lfid]

Dave,
if you bookmark the page , sometimes after the auction that same page will show the status and if sold the sell price for a few days - but search in proxibid for that same item with the auction number wont find it

thanks
Bill

[Dave Sanders]

I was able to find the items I bid on through the links above. Wow, was I way off. Thanks all for the help.
Dave

[sheepherder]

Originally Posted by Dave Sanders

I was able to find the items I bid on through the links above. Wow, was I way off.

If you based your bids on RIA's low/high estimates, they will be way way off. I've lowballed bids (as IthacaDave suggested) and bid hundreds over their high estimates and still been outbid, sometimes by a thousand or more. . And I consider my interests to be wildly different from the average collector, so I have to wonder if the 'house' doesn't take consignments with a 'reserve' and if that reserve isn't met, then the 'house' bids on it and is a 'winner'. I have been to auto auctions where that exact scenario is played out.

I still visit the RIA auctions and bid on items but I no longer have any expectation of winning anything. I just like to receive the big auction catalogs.

[ithacaartist]

Originally Posted by sheepherder

If you based your bids on RIA's low/high estimates, they will be way way off. I've lowballed bids (as IthacaDave suggested) and bid hundreds over their high estimates and still been outbid, sometimes by a thousand or more.

...I no longer have any expectation of winning anything. I just like to receive the big auction catalogs.

If you keep it up, you will eventually win a lot! Persistence and patience will get results, I've found. It's not a really fast way to acquire examples for a collection, but when it hits, it's economical.

I go thru the catalog (for auctions that coincide with $ in my account) and plop down proxy bids for what I'm willing to pay for an item, then await the results. Use the auction company's site to leave the bid and save the Proxibid 3%! Pay by M.O. and save the credit card 3%!

The M1900 Stainless and M1900 Commercial, my last two, I think I did pretty darn well.

[alvin]

Originally Posted by sheepherder

bid hundreds over their high estimates and still been outbid

Don't bid until "fair warning". At that time, make decision quickly, go or no go.

Ambushing an item does not work well in big auction houses. They have too many bidders. Almost nothing is very cold these days.

[alvin]

Just watched a few minutes... quite a few Machine Guns are not high priced. If local law permits, those are registered fully transferable. Just a nice pistol's price.

[sheepherder]

I got a 'Thank You!' email from RIA today, it contained an interesting feature I don't think they've offered before - a downloadable .PDF document of final "realized" lot prices.

Here's the pertinent part of the email (hopefully, the links are still hot)...

For those curious...
The Prices Realized from our September 2015 Premiere Firearms Auction are already available on our Online Catalog or by viewing the PDF document on our website. To use the Online Catalog, simply search for the item using a keyword, lot number, or any other of our search styles and hit enter. When the item appears, all the way on the right will be a button that says "View Price" and when you click it a pop-up window will appear with that item's price. It's as easy as that. Enjoy!


I downloaded the .PDF doc, but since I didn't bid on anything this time it's not all that much use to me...